Brief: Allkem Ltd Says Qtrly Lithium Carbonate Sales Were 3,430 Tonnes

Allkem

27/07/2023 02:29

July 27 (Reuters) - Allkem Ltd  AKE.AX :
    * QTRLY LITHIUM CARBONATE SALES WERE 3,430 TONNES
    * JUNE QUARTER GROUP REVENUE $334 MILLION VERSUS $315
MILLION
REPORTED IN MARCH QUARTER
    * FY PRODUCTION AT OLAROZ LITHIUM FACILITY  PRODUCTION OF
16,703
TONNES OF LITHIUM CARBONATE
    * OLAROZ STAGE 2 ACHIEVED FIRST WET PRODUCTION IN MID JULY
WITH
COMMISSIONING TO CONTINUE AND RAMP UP OVER NEXT 12-18 MONTHS
    * MT CATTLIN ACHIEVED ANNUAL PRODUCTION OF 130,984 TONNES OF
SPODUMENE CONCENTRATE
    * MT CATTLIN'S ORE RESERVE UPDATE CONFIRMS AN ADDITIONAL 4-5
YEAR
MINE LIFE TO 2027-2028
    * SALES FOR SEPTEMBER QUARTER ARE EXPECTED TO BE MATERIALLY
HIGHER
FROM OLAROZ STAGE 1
    * FOR MT CATTLIN, SUBJECT TO REGULATORY APPROVAL, APPROVED
MINING
OF FIRST CUTBACK (STAGE 4-1) OF OPEN PIT
    * FOR MT CATTLIN, APPROVED MINING OF FIRST CUTBACK (STAGE
4-1) OF
OPEN PIT, WHICH WILL RESULT IN CONTINUED SPODUMENE PRODUCTION
INTO 2026

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